Islamic banking software market maintains strong growth momentum
The global market for Islamic banking software is poised to grow by $416.83mn over the period from 2020 to 2024…
Islamic Finance
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New platform using data technology blockchain may boost GCC sukuks, says S&P report
The new platform for sukuk issuance and management using data technology blockchain could boost GCC issuance volumes over time, S&P…
Turkey's Erdogan says Islamic economy can pull world 'out of crisis'
Turkey's President Recep Tayyip Erdogan on Sunday said Islamic economic system is the key to "getting out of crisis" as…
ADIB recognized as 'Innovator in Islamic Finance' by Global Finance Magazine
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, today announced that it has been named an ‘Innovator in Islamic…
Dubai outlines plans to unify legal framework for Islamic finance
The chief executive of Dubai Islamic Economy Development Centre outlined the phases for the development of a unified legal framework…
DIB sells first sukuk in emirate since virus outbreak
Dubai Islamic Bank the UAE’s largest Islamic lender, sold a $1 billion sukuk, the first in the emirate since the…
Baker McKenzie advises UAE insurance firm on AED 215 million buyout
An Islamic insurance company in the United Arab Emirates, Dar Al Takaful, has engaged Baker McKenzie’s Middle Eastern affiliate, Baker…
AlAhli Takaful appoints new chairman
AlAhli Takaful Company has appointed Omar Mohammed Hashem as the company’s Chairman, effective from 8 June 2020. The move…
Dubai Islamic Bank successfully closes $1 billion sukuk
Dubai Islamic Bank closed a $1 billion long 5-year sukuk with a profit rate of 2.95 per cent per annum,…
Abu Dhabi's Al Hilal Bank sells its Islamic insurance subsidiary
Al Hilal Bank, a wholly-owned subsidiary of Abu Dhabi Commercial Bank (ADCB), has completed the sale of Al Hilal Takaful,…
Al Baraka Banking Group appoints new chairman
Abdullah Saleh Kamel has been appointed as chairman of Al Baraka Banking Group, to succeed the late Shaikh Saleh Abdullah…
Dar Al Takaful to acquire Noor Takaful for AED215 million
Dar Al Takaful has announced that it has entered into a legally binding share purchase agreement with Noor Investment Group…